>
2 bedroom flat for sale
Pillowell Drive, Gloucester, Gloucestershire, GL1
£100,000
Pillowell Drive, Gloucester, Gloucestershire, GL1
£100,000
Our Summary
- ** For Sale By Online Auction** Pre Auction Offers Considered** Guide Price **£100,000 - £115,000** A perfect investment opportunity for a landlord or a great option for first-time buyers wanting to join the property ladder
- Additional Information - Floor Area: 59sqm Leasehold information: 999 years from 1 January 2002 (977 years remaining) We understand the Service Charge to be circa £2200 per annum (£104 pcm) We understand the Ground Rent to be circa £200 per annum Current Rental Price: £10,800 per annum (circa £900pcm) Building built: 2002 EPC: Rating D Council Tax Band: B Maximum Rental Achievable: £11,400 per annum (circa £950 pcm) Traditional Terms & Conditions - This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
- Properties may be sold prior to public auction if an offer is accepted by the vendors
- **Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction
- **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold
- Auction Pack Available On Request
- Brilliant Investment Opportunity
- Pre Auction Offers Considered
Description
This two-bedroom apartment is a great investment opportunity for landlords or first-time buyers. Located in the popular Pillowell Drive area, it's a short walk from Gloucester Royal Hospital, Gloucester Quays, and City Centre, with easy access to railway lines and bus routes. The apartment features an open-plan kitchen and living space, a large double bedroom, a single bedroom, and a family bathroom with a shower over the bath. It also comes with an allocated parking space. With a guide price of £100,000-£115,000, this property offers a lot of potential for growth and is a great option for those looking to join the property ladder. The apartment is leasehold, with 977 years remaining on the lease, and the current rental price is £10,800 per annum. The auction will run for three hours on a set date and time, and the winning bidder will be required to pay a 10% deposit and a non-refundable reservation fee of 3.6% of the winning bid.